Скачать или смотреть Gift Giving Guide: The Roth IRA for Kids

In this special Christmas morning episode, I’m walking you through a Gift Giving Guide designed to fund a future, not just a morning of fun. We are diving into the "8th Wonder of the World"—compound interest—and how you can use it to change your children’s or grandchildren’s lives.

In this episode, you will learn:
• The 529 Evolution: How these plans now cover K-12 tuition and even student loan repayment.
• The "Family Payroll" Concept: A genius way for entrepreneurs to pay their kids for legitimate work, get a tax deduction, and jumpstart a Roth IRA.
• Roth IRA for Minors: Why this is one of the best-kept secrets for long-term growth starting with as little as $500.
• UTMA vs. UGMA: Understanding custodial accounts and the potential tax benefits for your family.
• Index Universal Life (IUL): Protecting a child's future insurability before "life happens".
• Qualified Charitable Distributions (QCDs): How to involve your grandkids in your legacy of giving out of abundance.

Timestamps:
• 0:00 – Merry Christmas! The 1984 Atari Story & The Power of Compounding
• 3:15 – 529 College Savings Plans: More Flexible Than Ever
• 6:10 – UTMA & UGMA: Simple Tools for Gifting
• 8:45 – The Roth IRA for Kids: The Secret to Millionaire Grandkids
• 11:20 – Index Universal Life (IUL) for Long-Term Legacy
• 14:00 – The "Family Payroll" Strategy for Business Owners
• 17:30 – Giving Out of Abundance: QCDs and Teaching Legacy

Connect with Mike Milligan, CFP®:
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LinkedIn: https://www.linkedin.com/in/mikemilligancfp/
Tik Tok: https://www.tiktok.com/@mikemilliganllc
Spotify Podcast: https://open.spotify.com/show/4Nxq9bI
Apple Podcast: https://podcasts.apple.com/us/podcast

Read my book: https://www.amazon.com/dp/B0FQJX1L4V

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